Managing Director and Chief Executive Officer

ACE Group

Executive Chairman

ACE Group

Executive Chairman

ACE (AUDIT CONTROL & EXPERTISE)

Andre Soumah, Managing Director & Chief Executive Officer, of the Geneva based ACE Group, while sharing his global experiences in this regard, mentioned that there were huge opportunities for Indian corporates in the global market and that properly structured Trade Finance could play an important role in this regard.He also mentioned that by adopting collateralized structures, the risk to the banking sector in the area of Trade Finance could be considerably reduced.
He also referred to the efficiency of capital achieved by banks under Basel III norms, using Collateralised Trade Finance structures.

Andre Soumah, Chairman of ACE, said: "The acquisition by Financial Technologies will boost ACE's ability to give a technologically advanced credit support service to the many banks and commodity companies who are its principal clients.